Presidio, Inc. (PSDO) Price Target Raised to $17.00 at Barclays PLC

Presidio, Inc. (NASDAQ:PSDO) had its price objective lifted by Barclays PLC from $16.00 to $17.00 in a research note issued to investors on Tuesday, November 7th. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Presidio from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Evercore ISI restated a buy rating and set a $19.00 target price on shares of Presidio in a research report on Friday, September 22nd. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a $17.00 price target (down previously from $18.00) on shares of Presidio in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $17.86.

Shares of Presidio (NASDAQ PSDO) traded up $0.41 during midday trading on Tuesday, hitting $14.96. The stock had a trading volume of 3,650,000 shares, compared to its average volume of 150,576. Presidio has a 12-month low of $12.75 and a 12-month high of $16.90. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.

Presidio (NASDAQ:PSDO) last posted its quarterly earnings data on Thursday, September 21st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $753.90 million during the quarter, compared to analyst estimates of $741.59 million. The company’s quarterly revenue was up 3.4% on a year-over-year basis. analysts forecast that Presidio will post 0.64 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Presidio by 23.0% during the second quarter. FMR LLC now owns 8,864,590 shares of the company’s stock worth $126,852,000 after purchasing an additional 1,657,336 shares during the period. Vanguard Group Inc. purchased a new stake in Presidio in the second quarter worth about $18,605,000. Sandhill Capital Partners LLC purchased a new stake in Presidio in the second quarter worth about $18,536,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Presidio by 11.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,240,400 shares of the company’s stock worth $17,552,000 after buying an additional 128,350 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Presidio by 4.7% in the third quarter. Jennison Associates LLC now owns 1,132,258 shares of the company’s stock worth $16,021,000 after buying an additional 50,598 shares during the period. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Presidio Company Profile

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

Analyst Recommendations for Presidio (NASDAQ:PSDO)

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